Solvay SA (OTCMKTS:SLVYY) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Solvay SA (OTCMKTS:SLVYY) have been given a consensus rating of “Reduce” by the six ratings firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company.

Several research firms have issued reports on SLVYY. Barclays reiterated an “underweight” rating on shares of Solvay in a research note on Wednesday, February 25th. Oddo Bhf lowered shares of Solvay to a “neutral” rating in a report on Tuesday, February 17th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Solvay from a “sell” rating to a “hold” rating in a report on Wednesday.

Solvay Trading Down 0.5%

SLVYY opened at $2.94 on Wednesday. The business’s 50-day moving average is $3.08 and its two-hundred day moving average is $3.09. Solvay has a 1 year low of $2.77 and a 1 year high of $3.52.

Solvay Company Profile

Solvay SA provides advanced materials and specialty chemicals worldwide. It operates through four segments: Materials, Chemicals, Solutions, and Corporate & Business Services. The Materials segment offers specialty polymers, including aromatic polymers, high barrier polymers, and fluoropolymers for the electronics, automotive, aerospace, and healthcare industries; and composite materials for aerospace engineered materials market. The Chemicals segment produces and sells soda ash and sodium bicarbonate primarily to the flat and container glass industries, as well as for use in detergents, pharmaceutical, and feed and food industries; hydrogen peroxide for use primarily in the paper industry to bleach pulp, as well as chemicals, electronics, food, mining, and environment; and dispersible silica for tire manufacturers; and solvent solutions, phenols and derivatives, polyamide derivatives and smart, functional, and sustainable yarns and polymers.